Gary has won a laptop in an online auction. This implies that ...

[cnetterville]

Gary has won a laptop in an online auction. This implies that Gary's willingness to pay for the laptop was ________.
 
  A) higher than its market price
  B) lower than its market price
  C) higher than that of the other bidders
  D) lower than that of at least one bidder

Question 2

Refer to the figure above. This is an example of a(n) ________.
 
  A) zero-sum game
  B) prisoners' dilemma
  C) extensive-form game
  D) payoff matrix

[ilianabrrr]

Answer to Question 1

C

Answer to Question 2

C